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Myvetan – Payroll on Demand Web based Payroll Management Software Web based Payroll Management Software. Complete Payroll/HR Solution Complete MIS/Statutory Compliance Complete Employee Self Service Module Online Leave Applications Online TDS Projections Make HR Policies Publish News/Polls/Surveys/FAQ and analyze result Complete Web based system with Role based Security Robust RDBMS database Scalable to fit your needs

Myvetan – Payroll on Demand Web based Payroll Management Software Web based Payroll Management Software. Complete Payroll/HR Solution Complete MIS/Statutory

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3 Types of SkillsWeb based Payroll Management Software.
Complete Payroll/HR Solution
Complete MIS/Statutory Compliance
Online Leave Applications
Online TDS Projections
Make HR Policies
Complete Web based system with Role based Security
Robust RDBMS database
Flexible Structure building capability of Earnings & Deductions
Flexibility to add or modify any number of Salary Components – Earnings & Deductions
User Defined Entry Field with unmatched flexibility for Formula, percentage or Customized Calculation
Taxable & Non Taxable Earnings for Income Tax Calculations
Payslip / Non Payslip Component
Calculation based on Attendance
Monthly or Yearly Payments
Frequency of Salary Head
Leave & Attendance Management
Increment of Leave on Pro-rata basis
Carry forward facility for balance leave
Encashment of Leave
Leave Utilizes & Balances can be checked
CL, PL, SL, Compensatory & Customizable Leaves
Automatic Leave payout on termination of Employees (in Full & Final Settlement)
Swipe card / Attendance machine if any can be linked to our software
Attendance Arrears
Attendance / Leave Ledger.
Loan & Advance Management
Loan Disbursement option with EMI option
Automatic recovery of EMI & stops automatically once the Loan amount is totally recovered
Auto calculation of Interest on Loans based on Flat Interest, Reducing Balance
Lumsum recovery of Loan
Loan Ledger
Payroll Processing
Input information for all newly joined employees and resign left employees
Create a new payroll month & Process Salary
Over-ride facility for any Salary components
Salary on Hold & Freezing of Salary in case of Termination of Employees
Process by Exception - you only need to enter Pay and/or deduction information when there are changes
Pro-rata calculations for employees based on Absenteeism
Process & Print Payslips for groups or for selected employees
Lock month facility to avoid changes in Processed Data
Salary Reports (Payslip & Salary Sheet)
Automatically calculates all the income, deductions & Company Contributions as per
the requirement
Reimbursement Payslips can be viewed or Emailed
User defined Salary Sheets can be viewed
Generates Cash / Cheque / Bank Transfer List
Generate Bank Statement, Direct Electronic Bank transfer files & Covering Letter for Banks
YTD salary Sheet & Summary of each employee
Bank Transfer
Bank Transfer Statement facility available for all the banks
Soft copy format also available in Excel or any format specified by different banks
Bank Transfer Statements can be generated for both Regular, Reimbursement Payments & Supplementary Payments
Covering Letters
Reimbursement Management
Upper limits can be specified – Employee wise or Grade wise
Annual Limits or Monthly Accruals
Opening Balance, Entitlement, Amount Reimbursed and Balance amount can be checked
Reimbursement Payslips, Bank transfer statement for Reimbursement Components
Arrears Calculation
Separate Payslips can be generated for the Arrears Components
Bank transfer statement for Arrears Component
Other Payments
Arrears Calculations
Reimbursement - Medical, LTA or any other user definable reimbursement
Supplementary Payments
PF Calculation & Reports
Employee & Employer Contribution
PF applicability check at Employee Level
Options to Limit Maximum Salary for PF Deduction
Auto generation of Electronic Challan cum Return (.ECR)
ESIS Calculation & Reports
ESIC applicability check at Employee Level
ESIC Register, Form 5, 7 & Challan
Professional Tax
PT applicability check at Employee Level
Form III & Challan
Income Tax Management
Auto calculations of Exemptions & Deductions and compute income tax payable for the entire year & the tax to be paid this month
Inbuilt Exemption Calculation for HRA, Conveyance, Children Education Allowance, Medical Reimbursement, LTA etc.
Option for Investment Declaration by Employees
Provision for considering Income from Previous Employer
Auto calculation of TDS based on Projections
Income Tax Projections with the options to deduct projected TDS from Monthly Salary
Prints Form 16, 12BA & Online Challan 281
Quarterly e-TDS Return as per the NSDL format
Income Tax Projections can be emailed in PDF format
Full & Final Settlement
Employees Full & Final settlement can be prepared based on resignation of employees either in the current month or in the previous month
Automatically calculates outstanding Loan balances, Notice pay and Leave Encashment , Gratuity and recovers all Loan balances and Income Tax.
User Defined Reports
User Defined Reports with the option to choose from the available field, user can define his own customized columnar reports
Sorting, Grouping, Sub-total, Grand-total & Conditions can be defined
Letter Writing Module
Output reports to screen, printer, MS Word & Excel
Option to preview Payslips / Salary Sheets or any other reports on screen before final printing
Print Transaction & Master History for any period
Generating report is made easy with an advanced filter function to select the relevant employees or groups for the report
Prints any of our report for the previous periods.
Data Import (Masters, Salary & Leave Record)
HR Functions
Family Members/ Emergency contacts/ PF Nominee/ LIC Nominee/ Gratuity Nominee
Passport/Visa details / LIC details
Employees Documents/ Photos / Attachments
Recruitment Management
User friendly Resume Database Management
Easy Integration of online Resume Submission by candidate
Search in Resume Database for keywords, Vacancy Requirements
Search inside records, CVs, notes, emails etc.
Review, Shortlist, Tag Candidate Profiles
Schedule Interview Rounds with Automatic alert to Candidates through Emails
Online test for candidate
Update Interview Results with Automatic alert to Candidates through Emails
Generate Offer Letters to candidates with Automatic Alert to Candidates through Emails
Generate Appointment Letters to candidates with Automatic Alert to Candidates through Emails
Post/View/browse Candidate Details, Notes, Emails, History, CV at simple clicks
Bulk Email to candidates
Training Management
User defined Training Course / Course Categories available.
Course Program can be created resulting into Training Schedule for a given Training Year.
Nominations can be done through
Employee can nominate himself online for the training through self nomination.
Manager can nominate his subordinates for the training.
Nomination can also be done due to Training Need Analysis.
Faculty / Coordinator and External Agency masters can be maintained.
While designing Courses, Qualifying Skills, Qualifying Courses, Disqualifying courses, Reading Links etc. can be maintained.
Training Management
Trainings Schedule for the calendar is pre-defined and available to the employees online.
After the training, Feedback can be posted by employees and faculty / trainer can also post the rating of the participant employees.
Date wise Employees / Whole Program Attendance can be maintained easily.
Training Locations, Training Venues, Special Needs during training, Expectation from the training can be defined.
Employee Appraisal Management
Goals/KRA derived from Company Initiatives can be maintained
Job Description based (JD) based goals are maintained.
Goal sheet allocation for the employees with workflow between manager and employee can be done.
Upon Goal Sheet Approval by employee and manager, goal sheet is assigned to the employee
Employee can regularly keep posting goal progress which is automatically available to manager.
At the appraisal event, managers can view goal sheet achievement and rate the goal sheet.
Employee Appraisal Management
Notes can be put in by Managers, dotted managers.
360 degree appraisal can be achieved where Managers, Subordinates, Peer group, Customers, vendors can rate the employee based on various user defined parameters.
Normalistion of appraisal score can be done by HR if required.
Appraisal result is available at the time for Promotions/increments.
Appraisal is fully automated, user defined and workflow based with email intimations.
Not closed Appraisals and conflicts can be tracked.
Exit Management
Request can be approved or rejected by the immediate authority
Superiors can input exit requests for their subordinates
Exit request is sent to each concerned department heads for Approval
Department Head can input/track receivables from the employee
Upon clearance from department heads Email intimation to respective authority for their further course of action.
Reimbursement & Claim Management
Employee can submit Reimbursement claim online.
Employee can attached soft copy of his reimbursement bills.
Reimbursement balance, entitlement, Summary, Ledger
Approval Workflow – Accepted & Rejected with auto mail Intimation
Online TDS Declaration Management
Employee can attached soft copy of his declaration proof.
Income Tax projection report – Projected & Actual Basis
Approval Workflow – Accepted & Rejected with auto email Intimation
 Tax Planner
Enter the Investment details and get the instant projections for TDS.
User Rights / Security
User Level Rights can be created and managed
Role based Security Model/ Assign rights to Payroll Officers for Managing different groups of employees
Audit Trails
Software Architecture
Designed using State of art technology. ASP.NET 3.5 + MS SQL
Software installation on clients machines are not required.
Employee Self Service Module
Employees can login and view their
Submit Leave Application
Submit Reimbursement Bills.
ESS gives employees direct access to their month-end / year-end paperwork.
They can download, print and save these documents themselves
Delivers significant cost & time savings for Payroll/HR department.
Improves administrative responsiveness & efficiency.
Other Add on Modules
Journal Voucher Entries
Our Contact Details
Cell : 09867307971 / 09769468105